Hyatt completes sale of hyatt regency orlando for $1.07 billion

Chicago--(business wire)--hyatt hotels corporation (nyse:h) today announced that an affiliate of hyatt has completed the sale of the 1,641-room hyatt regency orlando and adjacent 45 acres of land to affiliates of rida development corporation and an ares management real estate fund (“ares”) for approximately $1.07 billion, while retaining a long-term management agreement under the hyatt regency brand. in connection with the transaction, hyatt retained $265 million of non-controlling preferred eq.
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